$CARG Bull Flag SetupNice bull flag setup to watch heading into next week.
Cargurus Inc Cl A (CARG)- PROVIDES ONLINE AUTOMOTIVE MARKETPLACE CONNECTING BUYERS AND SELLERS OF NEW AND USED CARS
CARG trade ideas
CARG - EW analysis - Uptrend continueCARG - If seems like ABC zigzag correction is under progress. The 4th subwave of 3rd wave up seems finished and price is now in 5th of 3rd of C wave up.
If it starts outperforming the SPX today, then it will be good buy for up move with stop level below 31.05.
But if it fails to outperform, then may take more time to finish the correction.
Give thumbs up if you really like the trade idea.
CARGURUS now is in BUY SituationHey guys, CARGURUS is in an uptrend with a return of executed buy volume and shadow by buyers. The TIMEFRAME M1 makes us observed a marubozu with a large volume of purchases made, she left to test the consolidation zone. Great possibility of breaking out the price thereafter in the zone to go in the second and reach the last preceding one above. That is in a bearish breakout gap with test the area for breakout or test before the bullish channel.
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CARG - Unusual Call options activityLarge activity in CarGurus since this name typically trades less than 400 contracts per day. On Dec 11, 5,000 Dec $25 calls closing for $3.40. 5,000 Dec $27 calls bought for $2.00. 3,800 Jan 2021 $29 calls are trading; most bought for $1.55. The golden cross is almost there (50 dma cross over 200 dma). Analyst Davidson gave the stock an upgrade friday. Beware FOMC is Dec 16th, Good Luck this week!
CARG long swing in ascending channelPrice crossover with 9MA confirmed, analyst average price target at $29.75.
DAILY ANALYSIS of CARGURUS INC Hi friends
the daily chart of this market shows that it will experience with a high probability an uptrend in the coming days but also we must be vigilant of the change of direction towards the opposite
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$CARG can rise in the next daysContextual immersion trading strategy idea.
CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $22,93;
stop-loss — $22,04.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Waiting for CARG to breakout Daily Ascending TriangleI do not have enough history for both weekly and monthly charts to see if there is previous S/R, the stock may want to bounce off.
However, we have an ascending triangle forming in the daily chart and we can notice a relatively strong volume bar at a level below the anticipated breakout.
The only way to go long is to wait for a clear breakout and to wait for a retest (preferably in Daily Time Frame if possible).
CARG Bullish 5-0Weekly Candles showing tweezer double bottom at entry for 5-0 pattern Backtesting Resistance as support.
MACD divergence and developing RSI divergence. First target is C point then measured move of Eve & Adam DB
Pattern can hit the .618 (currently at .50)
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CARG Bounce off ResistanceCARG has reached old resistance, on a run-up that is now overbought. To far to fast, i'm looking for it to bounce off its prior resistance level back to $36-37 range. As i believe there is oversupply at these levels.
CARG Head and ShouldersCARG is forming a head and shoulders pattern on its longer term weekly chart, proving it to be even a stronger pattern. I expect a further breakdown beyond the neckline to a modest level of $28.5 where it will reach its original IPO price which by then will be a good time to get out. The RSI index is also creeping into a bearish zone.
CARG - Nice Win from VIP wealth creating portfolio watchlistNice breakout move to touch the recent high/resistance.
VIPWealth creation portfolio watchlist is proving really profitable to members.
CARGURUS Inc: BREAKOUT ABOVE THE SHORT-TERM DOWNTREND LINEThe momentum in the “Bullish Harami” pattern extends, Breakout above the short-term downtrend line implies strong momentum, Positive view by the Moving Average indicator, MACD’s buy signal, The 14-day RSI indicator shows an encouraging bullish bias above 50 pts: Expect more buying activities.
(Disclaimer: All the information are mean for educational and informational purposes only, and is made available to you as self-help tools for your own use. This is not intended to be a substitute for professional financial advice.)
Huge momentum after earnings report Cars recorded top- and bottom-line beats in its Tuesday earnings report. That, combined with confident annual guidance, inspired a pair of upgrades.
RBC Capital Markets analysts Mark Mahaney and Shweta Khajuria upgraded CarGurus to Outperform and raised their target from $37 to $55.
JMP Securities analyst Ronald Josey upgraded to Market Outperform and established a $55 price target.
But i think it can go to 60$ very soon because the huge bullish momentum
CARG (Car Gurus) - Time To Sell This StockWhen story says SELL/Bearish then write PUT options or sell stocks. Looks like $32.00 is 1st support line on chart, because INSIDERS bought 9,400,000 shares at an initial price of $16.00. There will be a lot of selling starting on 4/10/18, which will continue for a few months. These insiders made 100% return, which is a great investment for anyone.
